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Thesi Continuous disclosure announcements before the event not...

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Metalduster

7,896 Posts.

392

18/07/18

09:46

Post #: 34412064
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Originally posted by Thesi ↑

Burn the shorts?

They would be incinerated!

I had not considered this as a company strategy before, and it is fair to say that we/Galaxy will have $100 million US next quarter.. (forgetting the POSCO deal)

That's the equivalent of $135 million Aussie, and based on the MS/MUFG announcements would be equivalent (right now) to approximately 10% of the shares on market.

@airconditioner pointed out that Sal De Vida doesn't require all the funds up front, and depending on the arrangements struck up its fair to say that $280 million US along with our money making machine Mt Cattlin should be sufficent to drive the company forward whilst continuing to be debt free.

The question I have... Does the company need to announce to the market that it is going to do a share buy back? I have seen other companies announce them before, but is that really necessary? - I'd like to see the company able to buy via stealth and surprise these fire truckers.

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Thesi

Continuous disclosure announcements before the event not after.

Imagine the the mayhem if all Companies made disclosures after the event.

Its hard enough now. lol

Md

GXY Price at posting: $3.17 Sentiment: Buy Disclosure: Held
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